The Reserve Bank of India (RBI) puts into circulation coins minted by the Government of India. These coins have distinctive features. Coins in new denominations to meet transaction needs of public and coins in new designs to reflect various themes — economic, social and cultural — are introduced from time to time. As coins remain in circulation for longer periods, it is quite possible that coins of different designs and even shapes are circulating at the same time. One such change is introduction of ‘Rupee symbol’ in coins in July 2011. An instance of this is the Rs. 10 coins with rupee symbol and the same denomination coin without rupee symbol. Both of them are legal tender and equally good for transactions, though they may look a little different.
It has been reported that some less-informed or uninformed persons who suspect the genuineness of such coins are creating doubts in the minds of ordinary people including traders, shop-keepers, etc., impeding the circulation of these coins in certain pockets of the country causing avoidable confusion. The Reserve Bank has advised members of the public not to give credence to such ill-informed notions and ignore them and continue to accept these coins as legal tender in all their transactions without any hesitation.
For more information about these coins, please see the following links:
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx
Jun. 22, 2016: RBI to shortly circulate Rs. 10 Coins to commemorate “Birth Centenary of Swami Chinmayananda”
Jan. 28, 2016: Issue of Rs. 10 coins to commemorate the occasion of “125th birth anniversary of Dr. B. R. Ambedkar”
Jul. 30, 2015: Rs. 10 coins issued to commemorate “International Day of Yoga”
Apr. 16, 2015: Issue of Rs. 10 coins to commemorate the occasion of “Centenary commemoration of Mahatma Gandhi’s return from South Africa”
Jul. 17, 2014: Issue of Rs. 10 coins to commemorate the occasion of “Diamond Jubilee of Coir Board”
Aug. 29, 2013: Issue of Rs. 10 coins to commemorate the occasion of “Silver Jubilee of Shri Mata Vaishno Devi Shrine Board”
Jun. 14, 2012: Issue of coins to commemorate the occasion of “60 years of the Parliament of India”
Jul. 22, 2011: Issue of new series of Coins
Apr. 01, 2010: PM releases Commemorative Coin Set; FM releases Mint Road Milestones: RBI at 75
Feb. 11, 2010: Issue of new Commemorative Circulation Coin of Rs.10/- denomination (bi-metallic) on the occasion of “HOMI BHABHA BIRTH CENTENARY YEAR”
Mar. 26, 2009: New Coins of Rs. 10/- (Bi-metallic) with the theme – “Unity in Diversity”
Mar. 26, 2009: New Coins of Rs. 10/- (Bi-metallic) with the theme – “Connectivity and Information Technology”
Press Release: 2016-2017/1257 by Alpana Killawala, Principal Adviser
This post was published on March 8, 2017 6:50 pm